Wheat in Italy | The Observatory of Economic Complexity

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Exports In 2023, Italy exported $75.7M in Wheat, making it the 33rd largest exporter of Wheat in the world. At the same year, Wheat was the 625th most exported product in Italy. The main destination of Wheat exports from Italy are: Spain ($15.3M), Tunisia ($14.3M), Greece ($13.2M), Libya ($9.31M), and Germany ($5M).

The fastest growing export markets for Wheat of Italy between 2022 and 2023 were Spain ($12M), Libya ($9.26M), and Greece ($7.36M).

Imports In 2023, Italy imported $3.14B in Wheat, becoming the 5th largest importer of Wheat in the world. At the same year, Wheat was the 29th most imported product in Italy. Italy imports Wheat primarily from: Canada ($534M), Hungary ($465M), France ($307M), Austria ($228M), and Russia ($183M).

The fastest growing import markets in Wheat for Italy between 2022 and 2023 were Canada ($151M), Russia ($146M), and Hungary ($144M).

COMPANIES In 2023, leading companies such as Red Bull (9) and IKEA Group (2) were at the forefront of shipping Wheat from Italy to the United States.

Latest Trends

October 2024

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Overview In October 2024 Italy's Wheat exports accounted up to €2.83M and imports accounted up to €226M, resulting in a negative trade balance of €223M. Between October 2023 and October 2024 the exports of Italy's Wheat have increased by €960k (51.3%) from €1.87M to €2.83M, while imports decreased by €-68.5M (-23.3%) from €295M to €226M.

Destinations In October 2024, Wheat were exported mostly to Greece (€1.15M), South Korea (€436k), Albania (€268k), France (€182k), and Hungary (€171k), and were imported mostly from Hungary (€39.3M), United States (€25.4M), Greece (€24M), Austria (€23.2M), and France (€22M).

Growth In October 2024, the increase in Wheat's year-by-year exports was explained primarily by an increase in exports to Germany (€316k or 64.9%), Switzerland (€236k or 145%), and France (€184 or 0.041%). In October 2024, the decrease in Wheat's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan (€-9.09M or -63.6%), United States (€-8.06M or -39.1%), and Greece (€-7.65M or -48.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€960k(51.3%)

IMPORT GROWTH (October 2023 - October 2024)€-68.5M(-23.3%)

MAIN DESTINATION (October 2024)Greece€1.15M

This section shows Wheat's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$75.7M

IMPORTS (2023)$3.14B

NET TRADE (2023)-$3.06B

In 2023, Italy exported $75.7M in Wheat. The main destinations of Italy exports on Wheat were Spain ($15.3M), Tunisia ($14.3M), Greece ($13.2M), Libya ($9.31M), and Germany ($5M).

In 2023, Italy imported $3.14B in Wheat, mainly from Canada ($534M), Hungary ($465M), France ($307M), Austria ($228M), and Russia ($183M).

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